(Photo: Charles Rex Arbogast, AP
Brett Molina, USA TODAY
Groupon is enjoying an early morning jolt to its share price. Here's a look at the stocks to watch on Wednesday.
Investor upgrade boosts Groupon. Shares of the online daily deals website are up more than 7% in pre-market trading after Sterne Agee upgraded the stock to "Buy."
Since topping an annual high of $20.30 on Feb. 16, shares in Groupon have embarked on a slow descent downward, hitting a low of $2.63 in November. The stock has since recouped some of its losses, sitting at $5.66.
As PandoDaily reports, Groupon announced it was acquiring the startup MashLogic, creators of the Britely browser plug-in that offered contextual data on stories users read online.
Netflix still moving up. Shares in the online media company continue their rise, gaining 2% in pre-market trading. Hovering around $181, the stock enjoyed a bump after the company unveiled a partnership with DreamWorks to create original kids' programming set to debut later this year.